Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Westwood Independent

Learn about the people, housing, costs and businesses in Westwood Independent, Texas

Median Home$178,695
Median Rent$1,203/month
Population12,611
Leading IndustriesInformation & Media · Manufacturing · Wholesale Trade9% information & media
Home Value Growth⬆⬆+12.2% over 2 years
Young Adults41% of residentstop 1% nationally
Homeowners68% of occupied units
Westwood Independent
TX

Explore Westwood Independent

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Westwood Independent?

As of today, the 30-year fixed mortgage rate for Westwood Independent is approximately 7.084% (7.122% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Westwood Independent
What is the median home price in Westwood Independent?

The median home value in Westwood Independent is $179k. The median monthly rent is $1,203. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Westwood Independent?

Home values in Westwood Independent have increased 12.2% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Westwood Independent?

Based on a typical all-in ownership cost of $620/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $27k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Westwood Independent is $77k/year.

Calculate your buying power
What industries drive the economy in Westwood Independent?

The largest employment sectors in Westwood Independent are retail (14%) and wholesale trade (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.